High benchmark: Alcoa Inc, the largest US aluminium producer, predicted earlier this month that global aluminium demand will grow and will exceed supply. — Bloomberg
PITTSBURGH: Alcoa Corp’s warning that higher costs may weigh on its earnings this quarter muted any optimism from better-than-expected results at the end of 2020.
The biggest US aluminium maker reported fourth-quarter earnings that beat analysts’ expectations as aluminium prices surged and sales continued to improve from the reopening of economies.
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